Press release
Butter Market to Reach USD 56.03 Billion by 2030 with 4.11% CAGR
Butter Market
The Butter Market is witnessing steady growth, driven by increasing demand from the food and beverage industry, rising consumer preference for natural products, and innovations in flavored and organic butter. Valued at US D 42.26 Bn. in 2023, the market is projected to grow at a CAGR of 4.11% from 2024 to 2030, reaching approximately US D 56.03 Bn. by 2030.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ญ๐ ๐๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฒ ๐ฏ๐ข๐๐ฐ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ @https://www.maximizemarketresearch.com/request-sample/148628/
๐๐ฎ๐ญ๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's butter market is expanding due to increased urbanization and rising consumer demand for Western-style baked goods. Companies like ๐๐ข๐ง๐๐ฆ๐ข๐ฅ๐ค are investing in product diversification and partnerships with global dairy brands. Government incentives supporting dairy farming are further fueling market growth.
๐๐ฎ๐ญ๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand's demand for butter is increasing, driven by its booming foodservice and bakery industries. Collaborations between local producers and international brands like ๐ ๐จ๐ง๐ญ๐๐ซ๐ซ๐ have improved the availability of high-quality butter. The Thai government's focus on boosting the dairy sector provides additional opportunities.
๐๐ฎ๐ญ๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan's butter market is characterized by a shift toward premium and organic options. Companies like ๐๐๐ ๐ฆ๐ข๐ฅ๐ค ๐๐ง๐จ๐ฐ ๐๐ซ๐๐ง๐ and ๐๐จ๐ซ๐ข๐ง๐๐ ๐ ๐๐ข๐ฅ๐ค ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ are expanding their portfolios with innovative products. Strategic mergers and collaborations, such as Megmilk's partnerships with bakery chains, underline consolidation trends.
๐๐ฎ๐ญ๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ก๐ข๐ง๐
China's butter market is experiencing robust growth due to increasing Western-style bakery consumption and the rise of e-commerce platforms. Companies like ๐๐ง๐ง๐๐ซ ๐๐จ๐ง๐ ๐จ๐ฅ๐ข๐ ๐๐ข๐ฅ๐ข and ๐๐๐ง๐ ๐ง๐ข๐ฎ ๐๐๐ข๐ซ๐ฒ are investing in local production to meet rising demand. Government policies supporting dairy import diversification are further enhancing market dynamics.
๐๐ง๐ฅ๐จ๐๐ค ๐๐ซ๐ข๐ญ๐ข๐๐๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฒ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ฏ๐ข๐ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/148628/
๐๐ฎ๐ญ๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's butter market is growing due to rising demand for premium and organic dairy products. Companies like ๐๐๐จ๐ฎ๐ฅ ๐๐๐ข๐ซ๐ฒ ๐๐จ๐จ๐ฉ๐๐ซ๐๐ญ๐ข๐ฏ๐ and ๐๐๐๐ข๐ฅ ๐๐๐ข๐ซ๐ข๐๐ฌ are introducing high-quality butter to cater to health-conscious consumers. Partnerships with global dairy brands are further boosting market innovation.
๐๐ฎ๐ญ๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's butter market benefits from its thriving foodservice industry and consumer preference for artisanal and gourmet products. Companies like ๐๐ง๐๐ก๐จ๐ซ and ๐๐ซ๐๐ฌ๐ข๐๐๐ง๐ญ are collaborating with local distributors to strengthen their presence. The government's initiatives promoting sustainable packaging for food products further add to market growth.
๐๐ฎ๐ญ๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The United States remains one of the largest markets for butter, driven by the rising popularity of baked goods and organic food products. Key players such as ๐๐๐ง๐ ๐'๐๐๐ค๐๐ฌ, ๐๐๐ซ๐ซ๐ฒ๐ ๐จ๐ฅ๐, and ๐๐ซ๐ ๐๐ง๐ข๐ ๐๐๐ฅ๐ฅ๐๐ฒ are expanding their portfolios with grass-fed and flavored butter options. Innovations in sustainable packaging are shaping the future of the market.
๐๐ฎ๐ญ๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe's butter market is dominated by high-quality and specialty butter products, with companies like ๐๐ซ๐ฅ๐ ๐ ๐จ๐จ๐๐ฌ, ๐๐๐๐ญ๐๐ฅ๐ข๐ฌ, ๐๐ง๐ ๐๐๐ซ๐ซ๐ฒ๐ ๐จ๐ฅ๐ leading the way. Strategic acquisitions and partnerships, such as Arla Foods' investments in premium butter production, are consolidating the market. EU policies promoting dairy sustainability further enhance growth prospects.
๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
๐๐ข๐ง๐๐ฆ๐ข๐ฅ๐ค partnered with international dairy brands to enhance butter production and export capacity in Vietnam.
๐ ๐จ๐ง๐ญ๐๐ซ๐ซ๐ expanded its operations in Thailand by launching a new range of premium butter for the foodservice sector.
๐๐ซ๐ฅ๐ ๐ ๐จ๐จ๐๐ฌ announced investments in organic butter production facilities across Europe.
๐๐๐ง๐ ๐'๐๐๐ค๐๐ฌ introduced innovative flavored butter options targeting health-conscious consumers in the US.
๐๐๐ญ ๐ ๐๐ฅ๐จ๐ฌ๐๐ซ ๐ฅ๐จ๐จ๐ค ๐๐ญ ๐ญ๐ก๐ ๐ ๐๐ฆ๐-๐๐ก๐๐ง๐ ๐ข๐ง๐ ๐ฉ๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ฌ๐ฎ๐๐๐๐ฌ๐ฌ :https://www.maximizemarketresearch.com/request-sample/148628/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐๐ญ๐ฎ๐ซ๐
Organic
Conventional
The two segments of the butter market are conventional and organic. Despite their high price and difficult availability, consumers' growing health consciousness has led to a remarkable demand for organic products. Consumers who are concerned about their health choose private label items since they are good, reliable, and affordable. These shifts in preference have opened up new markets for producers of organic goods. As a result of consumer demand, many producers have started selling organic butter.
๐๐ฒ ๐๐ง๐-๐๐ฌ๐
Food Processing Industry
Foodservice Industry
Retail/Household
The butter market is divided into three segments: retail/household, foodservice, and food processing. In the food industry, butter is typically used to make a variety of food items as well as for frying and making sauces.It is used to season a variety of packaged foods and snacks, such as wafers and sweets. Millennials' desire for unique flavors and sensations is expected to create chances for butter producers. Additionally, the increased usage of inexpensive food in developing economies due to busier lifestyles and increased consumption of food consumed outside the home is driving greater demand for butter in the food service sector.
๐๐ฒ ๐ ๐จ๐ซ๐ฆ
Spreadable
Non-spreadable
๐๐๐ญ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.maximizemarketresearch.com/market-report/butter-market/148628/
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
1.Royal FrieslandCampina N.V
2.Fonterra Co-operative Group Limited
3.Groupe Lactalis S.A.
4.Arla Foods amba
5.Amul (GCMMF)
6.Dean Foods Co
7.Glanbia Plc.
8.Saputo Inc.
9.Dairy Farmers of America
10.Valio Oy
11.Meiji Holdings Company, Ltd.
12.Land O' Lakes, Inc.
13.Granarolo S.P.A.
14.Nestlรฉ S.A.
15.Kerry Group
16.Sodiaal International SA
17.Britannia Industries Ltd
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐๐ญ๐ฌ :
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